Tata Steel amalgamation with Rujuvalika Investments set for NCLT hearing on August 24
Tata Steel Limited is proceeding with its Scheme of Amalgamation with Rujuvalika Investments Limited, with a key hearing scheduled at the NCLT Mumbai Bench on August 24, 2026. The company disclosed this development under SEBI regulations, outlining procedures for shareholders to express support or opposition ahead of the tribunal's decision.

*this image is generated using AI for illustrative purposes only.
Tata Steel Limited has scheduled a hearing before the National Company Law Tribunal (NCLT), Mumbai Bench, for its proposed Scheme of Amalgamation with Rujuvalika Investments Limited on August 24, 2026. The disclosure, dated August 11, 2026, was made under reference SEC/797/2026-27 in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This procedural step marks a critical juncture in the consolidation process, requiring stakeholder awareness and potential intervention before the tribunal grants final sanction.
Scheme of Amalgamation: Key Details
The proposed amalgamation involves Tata Steel Limited as the Transferee Company and Rujuvalika Investments Limited as the Transferor Company, along with their respective shareholders. The petition was filed under Sections 230 to 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
The following table summarises the key details of the petition and the scheduled hearing:
| Parameter: | Details |
|---|---|
| Petition Number: | CP (CAA)/69/MB/2026 |
| Application Number: | CA (CAA)/162/MB/2025 |
| Tribunal: | National Company Law Tribunal, Mumbai Bench |
| Petition Admission Date: | June 5, 2026 |
| Hearing Date: | August 24, 2026 |
| Hearing Time: | 10:30 a.m. (IST) |
| Transferee Company: | Tata Steel Limited |
| Transferor Company: | Rujuvalika Investments Limited |
| Advocates for Petitioners: | P&A Law Offices, Nariman Point, Mumbai |
Registered Offices of Petitioner Companies
The registered offices of the two petitioner companies involved in the amalgamation scheme are as follows:
| Company: | Registered Office |
|---|---|
| Tata Steel Limited: | Bombay House, 24 Homi Mody Street, Fort, Mumbai – 400 001, Maharashtra |
| Rujuvalika Investments Limited: | 3rd Floor, One Forbes, 1 Dr. V.B. Gandhi Marg, Fort, Mumbai – 400 001, Maharashtra |
Newspaper Advertisement and Disclosure Compliance
As part of the NCLT's directions, the Notice of Hearing was published in the following newspapers:
- Business Standard – English language
- Navshakti – Marathi language
The disclosure to the stock exchanges was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer of Tata Steel Limited, on August 11, 2026.
Procedure for Supporting or Opposing the Petition
Any person wishing to support or oppose the petition is required to send a signed notice of such intention to the Advocates of the Petitioner Companies — P&A Law Offices, 94, Mittal Chambers, Nariman Point, Mumbai 400 021. Key procedural requirements include:
- Grounds of opposition or a copy of the affidavit must be filed with the NCLT and a copy furnished to the Petitioner Companies' Advocates.
- All notices and opposition documents must reach the Advocates not later than 2 (two) working days before the hearing date of August 24, 2026.
- A copy of the Petition along with all exhibits can be obtained from the Advocates upon a written request and payment of prescribed fees, submitted not later than 2 (two) working days before the hearing date.
Historical Stock Returns for Tata Steel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.05% | -1.44% | -1.54% | -9.50% | +18.75% | +37.05% |
What strategic rationale drives Tata Steel's decision to amalgamate with Rujuvalika Investments Limited, and how does this align with its broader corporate restructuring goals?
How might the final sanction of this amalgamation scheme impact Tata Steel's balance sheet, debt levels, or capital allocation strategies in the medium term?
Are there any anticipated regulatory hurdles or stakeholder objections that could delay the NCLT's final approval beyond the August 24, 2026 hearing?


































